News Formal

First Mover Asia: Bitcoin’s Kimchi Premium Has Narrowed, but the Korean Market Is Proving Resilient

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Good morning Asia! Here's what's happening: 1. BTC trades over $28.5K; realMatrixport research head says Korea's retail crypto market is strong. 2. A truflation analyst weighs whether the Fed is done with rate hikes. by TheSamReynolds, JPRubin23

Maybe, Oliver Rust, head of product at inflation data aggregator Truflation suggested in an email.

“With the US banking sector suffering a credit crunch following recent bank failures, and a buyout of First Republic…only just secured by US regulators and JP Morgan, the Fed will be weighing its rate decisions carefully from this point on,” Rust wrote. “However, if inflation refuses to budge, we could well see another hike, despite tighter credit conditions.

Fed critics have accused central bankers of spurring the current banking crisis through overly hawkish monetary policies. They had been hoping the bank would suspend its diet of rate hikes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K ContinuesPLUS: Western crypto innovators with great ideas are eyeing the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto's model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes.
Source: CoinDesk - 🏆 291. / 63 Read more »